Determine the cost of goods sold of larry company


The gross profit of Larry Company for 2014 is $300,000, cost of goods manufactured is $400,000, the beginning inventories of goods in process and finished goods are $28,000 and $35,000, respectively, and the ending inventories of goods in process and finished goods are $50,000 and $70,000, respectively. The cost of goods sold of Larry Company for 2014 must have been?

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Accounting Basics: Determine the cost of goods sold of larry company
Reference No:- TGS0712543

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